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Question
In \[\mathrm{GVA}_{i}\equiv Q_{i}-Z_{i}\], what does \[Z_i\] represent?
Options
Addition to inventories
Value of output of firm \[i\]
Value of final goods sold
Value of intermediate goods used
MCQ
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Solution
\[Z_i\] is the value of intermediate goods used by the firm. It is subtracted from output to calculate Gross Value Added.
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